GK for Banking Examinations Practice Questions part-3

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Important current affairs and Gk questions for Bank exams, IBPS, SBI and all other finance industy exams

General Knowledge; Current Affairs with special reference to the Banking and Finance Industry of India for IBPS Banking , RBI, SBI and other Banking Recruitment Examinations of 2013 and 2014.If you like the post kindly give rating.

41. Recently, we read in the newspapers that TCS overtook state-owned ONGC to become the India’s most-valued company on the basis of market capitalization. Which among the following statements is / are correct with reference to the market capitalization?
1. Market capitalization is the product of total number of shares and stock price
2. Market capitalization changes daily
Choose the correct option from the codes given below:
[A]Only 1
[B]Only 2
[C]Both 1 & 2
[D]Neither 1 nor 2

Both 1 & 2

Market capitalization or the value of a listed company is arrived at by multiplying the total number of its shares with its stock price on a particular day or time. This figure changes daily with the change in the stock price.

42. In April 2013, a Bill has been introduced in the Lok Sabha to raise the authorised capital of the Regional Rural Banks to Rs 500 crore. What is the current authorised bill of RRBs?
[A]Rs. 5 Crore
[B]Rs. 10 Crore
[C]Rs. 50 Crore
[D]Rs. 100 Crore

Rs. 5 Crore

with an aim to strengthen Regional Rural Banks (RRBs), the government in last week of April introduced a Bill in the Lok Sabha to raise their authorised capital by 100 times to Rs 500 crore.

43. Which among the following commodities has been in news recently with respect to the controversial proposal to pool prices?
[C]Crude Oil


44. The Cabinet Committee on Investment (CCI) has been established to approve the investment projects which are larger than __?
[A]Rs. 500 Crore
[B]Rs. 1000 Crore
[C]Rs. 1500 Crore
[D]Rs. 2000 Crore

Rs. 1000 Crore

45. The government has recently launched the Modified Special Incentive Package Scheme (M-SIPS) for __:
[A]Electronic System Design and Manufacturing
[B]Micro, Small and Medium Enterprises
[C]Hotel and Tourism Sector Investments
[D]Textile Industry

Electronic System Design and Manufacturing

M-SIPS is a special incentive package to promote large-scale manufacturing in the Electronic System Design and Manufacturing (ESDM) sector.

46. With reference to Domestic Savings in India, the savings come from three sources, viz. households, the private corporate sector, and the public sector. Which among them holds the maximum share?
[B]Private Corporate Sector
[C]Public Sector
[D]Private Corporate Sector & Public Sector Combined


On average, households accounted for nearly 75% of gross domestic savings during the period 1980-81 to 2011-12. Savings of the private corporate sector accounted for 15 per cent of total savings on an average between 1980-81 and 2011-12. The public sector accounted for 10 per cent of total savings on

average between 1980-81 and 2011-12.

47. Recently, India and Saudi Arabia decided to set up a joint working group on the ‘Nitaqat law’ placed by the Saudi government. The ‘Nitaqat law’ relates to:
[A]Labour Laws
[B]Marriage Laws
[C]Criminal Procedure Code
[D]Owning Property Rights

Labour Laws

India has expressed its concerns to Saudi Arabia over the possibility of job losses of a large number of Indian workers in the kingdom because of a new labour law (Nitaqat). Both the nations have set up a Joint Working Group (JWG) which will deliberate on framing a Memorandum of Understanding, which is to be a comprehensive document guiding all aspects of India-Saudi labour relations.

48. Recently, the Bombay Stock Exchange (BSE) has launched an Islamic equity index based on:
[A]S&P BSE 500 index
[B]S&P BSE 200 index
[C]S&P BSE 100 index

S&P BSE 500 index

The BSE and S&P Dow Jones Indices have launched an Islamic equity index — S&P BSE 500 Shariah index — comprising the largest 500 companies in the Indian index. The S&P BSE 500 Shariah index, the first index from the strategic partnership between BSE and S&P Dow Jones Indices in February this year, was designed to represent all Shariah- compliant stocks of the broad-based S&P BSE 500 index. (Zee News)

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